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Russell Industries Continues Acquiring Uranium Mining Claims Wednesday May 2, 6:00 am ET
HOUSTON--(BUSINESS WIRE)--Russell Industries, Inc. (Pink Sheets:RSDS - News) announces that it has acquired an additional 50 Uranium Mine Claims in San Juan County, UT. The claims are located in close proximity to the Company's other Rage Claims.
This acquisition raises Russell Industries current total of San Juan County Uranium Claims to 254, covering an area of 5,080 acres. The company plans to begin mining operations, with estimated reserves of up to 1,000 tons of Uranium, in May.
"We have elected to engage two independent geologists to issue NI 43-101 compliant reports to establish an economic valuation of the underlying assets of the claims we now have in house," said Russell Industries President and CEO Mr. Rick Berman.
A National Instrument (NI) 43-101 report is the standard that Canadian Securities Administrators have developed to regulate how public companies or "issuers" can disclose scientific and technical information about mineral projects to the public. This report is also used in the EC as a standard that investment funds use when evaluating potential investments. The report is expected to be delivered during the fourth quarter of 2007.
Safe Harbor
Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
Contact: Russell Industries, Inc. Rick Berman, 713-446-7231 (Investor Relations) Fax: +1 281-298-9055 rusind*aol.com
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Duke....you should join Bill Panetas live chat room...it's better then just a message board, plus the best penny traders in the world are there.
If you want good picks go there. Im in there every day, and at allstocks
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IMAKEMONEY, Thanks and I notice your picks along with some other good people, that you are really on target. I still do my dd work.
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THE BAD THING ON THIS ONE DUKE IS LOTS OF PEOPLE GOT SPOOKED WHEN THEY RAZED THE A/S, HELL TAKES MONEY TO MAKE IT, A/S IS NOW 2 BILLION AND THAT SHOULD BE FINE BUT THE MMs GOT TO LOAD UP CHEAP! ID SAY THE O/S IS NOW AROUND 900 MILLION SHARES. ALL IS JMO.
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
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What's wrong with this stock? Stalling to much. Why keep dumping shares at this level. Why not let it double even triple then pay for the bills!!
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Gain 300% as Secret Uranium Cartels Take to the Street An elite cartel of buyers conducting secret auctions held a tight grip on the uranium market -- until now.
Beginning next month, the New York Mercantile Exchange will debut uranium futures -- giving hedge funds and other speculators a public arena to jack up prices higher than ever.
And the free-for-all will focus on a specific type of uranium essential for nuclear power called U308. If you want to know where U308 prices are going just look back to 2000. That’s when U308 sold for $8 per pound. Today it sells for $113 per pound -- an increase of 1,312.5 %.
But a stealth team of Chinese traders armed with $300 billion in U.S. dollars is determined to corner every last ounce of U308. Get ready for a nuclear price war.
Who will win? A little-known company that’s the biggest supplier of U308. Find out how it can hand you gains of 300% or more... starting today.
Sincerely,
Christian DeHaemer Executive Editor of the GRESSOR Report
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
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FROM I -HUB Posted by: righty In reply to: None Date:5/6/2007 2:04:39 PM Post #of 12126
Ok folks heres the big news.
john iraq has once again blown my hair back!
he spent all night, day for him, night for me, uploading new documents from state of utah BLM office,
these are the payday state registration forms 52/54 of them other two to follow soon.
These are not the same as the county docs folks but another step completed towards documenting these claims as well as another step towards mining , of course.
I expect berman to be sending the rest of the county docs maybe this week latest next week. Once those are in I expect it won't be long before we have the rest of the state blm registrations.
These docs today confirm that payday claims exist and are under control of rsds with floyd bleak retaining one third ownership of payday claims.
Enjoy them while you can, I am putting them in the ibox in a bit until then here's your perusal copies.
UBBFriend: Email this page to someone!
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